Sensex at fresh high of 25,601; Nifty breaches 7,600-level

Mumbai, Jun 9: The benchmark BSE Sensex climbed to a new record high of 25,601.07 and the NSE Nifty crossed 7,600-mark for the first time to trade at 7,646.25 in opening trade on Monday as foreign funds and retail investors indulged in creating positions amid a firming Asian trend.

The 30-share index, which had rallied by 590.63 points in the past two sessions, spurted by another 204.61 points, or 0.81 per cent, to trade at fresh record high of 25,601.07. All the sectoral indices led by realty and capital goods were trading in the positive territory with gains of up to 3 per cent.

The wide-based Nifty of the National Stock Exchange breached the 7,600 mark to scale a new peak of 7,646.25 by gaining 62.85 points, or 0.83 per cent. Brokers said the trading sentiment remained extremely bullish on continued capital inflows, and persistent buying by retail investors, driven by positive domestic and overseas cues, lifted the indices to new highs.

Among Asian markets, Hong Kong’s Hang Seng index rose by 0.77 per cent, while Japan’s Nikkei moved up by 0.52 per cent in early trade on Monday in response to an impressive US jobs report, an upward revision of Japanese economic growth and healthy Chinese export figures. The US Dow Jones Industrial Average rose 0.52 per cent to close at record close in Friday’s trade.